Overview
What is Madisonville Education And Assistance Center Inc?
Madisonville Education and Assistance Center Inc. is a nonprofit organization situated in Cincinnati, Ohio, specifically at 4600 Erie Ave, 45227. Their primary mission is to provide emergency assistance and education to residents in the Madisonville area. They run various programs that cater to different needs, including financial aid, food security assistance, and early literacy interventions. The organization's food marketplace, open once a month, supplies fresh produce, milk, meat, bread, and shelf-stable foods to eligible families, serving a diverse age range from 0 to 80+. In total, around 3,148 individuals benefit from their services. Their newly updated mission statement reflects a commitment to offering access to education, services, and engagement, enabling all neighbors to strive for self-sufficiency and independence. The nonprofit is staffed by a team of 10 dedicated individuals.
Official website here: www.meaconline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating. The Madisonville Education and Assistance Center Inc has achieved a strong score of 88%, indicating a solid level of accountability and financial health. Key strengths include a fully independent board and effective financial oversight, which reflect positively on its governance practices. Additionally, the organization maintains a high program expense ratio of 84.16%, suggesting that a significant portion of its funding is directed toward its programs.
However, the organization does have some limitations noted in terms of its policies and transparency. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about comprehensive governance practices. Furthermore, the tax form is not posted on the nonprofit's website, which could hinder public access to important financial information.
Overall, Madisonville Education and Assistance Center Inc demonstrates a commitment to accountability and program effectiveness, while there is room for improvement in its governance policies and transparency measures.
This AI summary has been generated from information found on Charity Navigator.
Is Madisonville Education And Assistance Center Inc legitimate?
Madisonville Education And Assistance Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madisonville Education And Assistance Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $102,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,373
For more financial information, click here
Official website here: www.meaconline.org
What is the mission statement of Madisonville Education And Assistance Center Inc?
Madisonville Education and Assistance Center Inc's mission statement has been updated to offer access to education, services, and engagement that enables all neighbors to thrive, achieve self-sufficiency, and gain independence. The organization provides a range of programs, including emergency financial assistance, food security aid, early literacy interventions, and ongoing case management, reflecting this mission. The Marketplace, one of their initiatives, offers fresh produce, dairy products, and other food items to qualified families, serving an average of 135-150 households per month and benefiting over 3,000 individuals.
Official website here: www.meaconline.org
What is the revenue of Madisonville Education And Assistance Center Inc?
Madisonville Education And Assistance Center Inc's revenue in 2023 was $754,919.
Official website here: www.meaconline.org
Who are the executives of Madisonville Education And Assistance Center Inc and what are their salaries?
The average compensation at Madisonville Education And Assistance Center Inc during 2023 was $34,524. There are 10 employees and 75 volunteers at Madisonville Education And Assistance Center Inc.
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- Compensation: $95,000
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- Other: $7,866
Official website here: www.meaconline.org
Where can I find the form 990 for Madisonville Education And Assistance Center Inc?
Madisonville Education And Assistance Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.meaconline.org
Learn more at the official website: www.meaconline.org
Mission Statement of Madisonville Education And Assistance Center Inc
Madisonville Education and Assistance Center Inc, a nonprofit organization, is committed to providing emergency aid and education to residents within its area. Their mission statement has been recently revised to reflect a broader scope of services. Now, the center aims to offer access to education, services, and engagement, enabling all neighbors to thrive, achieve self-sufficiency, and attain independence.
The range of programs offered by Madisonville Education and Assistance Center Inc is a testament to this mission. Their offerings extend from emergency financial assistance and food security programs to early literacy interventions and ongoing case management. This holistic approach to community support reflects their dedication to empowering individuals and families to overcome challenges and improve their lives.
The Marketplace, one of their initiatives, is a crucial part of this endeavor. It provides fresh produce, milk, meat, and bread, as well as shelf-stable foods to qualifying families. By offering this service, the center ensures that the entire family can benefit, serving individuals from age 0 to 80+. On average, 135-150 households per month receive food from the Marketplace, serving a total of 3,148 individuals. This commitment to addressing food insecurity is a significant step in achieving their mission of enabling neighbors to thrive and achieve self-sufficiency.
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Impact
October, 2024
Madisonville Education And Assistance Center Inc significantly enhances the quality of life for residents in the Madisonville area through comprehensive support services. By providing emergency assistance and educational resources, it addresses immediate food security needs while fostering long-term self-sufficiency.
The Marketplace is a vital resource, offering fresh produce, dairy, meat, bread, and shelf-stable foods to qualifying families. Serving an average of 135-150 households each month, the center has impacted 3,148 individuals, ensuring that families of all ages, from infants to seniors, have access to nutritious food.
In addition to food assistance, MEAC focuses on early literacy interventions and ongoing case management, empowering community members with access to education and support services. This multifaceted approach not only alleviates hunger but also promotes engagement and personal development, helping neighbors thrive and work toward independence. The center's efforts create a ripple effect, strengthening the entire community in Cincinnati, Ohio.
This information is meant to be a general summary of Madisonville Education And Assistance Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $42
- Gross Receipts: $754,919
Assets and Liabilities:
- Total Assets: $776,526
- Total Liabilities: $17,742
- Net Assets: $758,784
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Organization Details
Founding Year
1987
Principal Officer
Vashti Rutledge
Website
www.meaconline.orgNTEE Category
Code: P60Z - Human services
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